Press release

Stephan Scholl Joins the Board of Managing Directors of Universal-Investment as COO

Stephan Scholl has been appointed to the Universal-Investment Group C-Board as Chief Operating Officer (COO) with immediate effect. In his position as COO, he is following in the footsteps of Michael Reinhard, who succeeded Bernd Vorbeck as the Group’s Chief Executive Officer (CEO) in May 2019.

Besides Stephan Scholl and Michael Reinhard, Frank Eggloff is also on the C-Board in the position of Chief Financial Officer (CFO), alongside Katja Müller as Chief Customer Officer (CCO). Stefan Rockel and Markus Neubauer are further managing directors. At Universal-Investment, Stephan Scholl – who spent many years in key managerial positions at DWS – will be chiefly responsible for the Administration Services division, focusing on Fund Accounting and Fund Reporting as well as Taxes and IT, with immediate effect.

“Stephan Scholl is an immense asset to Universal-Investment thanks to his many years’ experience in the investment fund sector, and his expertise in process reengineering and introducing new digital technologies. The course we have taken as a company is not only reaping economic success, but also making us an attractive employer for acclaimed industry experts, which pleases me no end,” says CEO Michael Reinhard about Scholl’s appointment to the company’s C-Board.

Scholl, whose finance-sector career spans over three decades, spent almost 20 of those years in managerial positions within the DWS Group – including Head of Operations, Head of Platform Management and, most recently, Co-Head of the Digital Investment Platform. He was not only responsible for day-to-day business there, but for the transformation and further development of the operative business as well. He also served as a member of the DWS International management team, and as longtime COO. Scholl began his career in the Custody Services division at Deutsche Bank. After a two-year stint as head of the Custody & Depository Bank Services division of State Street Bank in Munich, he returned to the Deutsche Bank Group in 1999.

Stephan Scholl, COO, Universal-Investment

“As one of the fastest-growing investment companies, Universal-Investment is going through an extremely exciting development phase. I’m thrilled to be playing a part in shaping this journey and its associated challenges – such as digital transformation and internationalisation. I’m confident that my experience and expertise will let me help turn Universal-Investment into Europe’s leading fund service platform and management company for all investment classes by 2023,” explains Stephan Scholl.

In his new function, he will above all be responsible for the Administration Services division with Fund Accounting for approx. 1,500 investment funds on the company’s platform, as well as for the associated Fund Reporting. The two managing directors of IT subsidiary company Universal-Investment IT-Services, Stefan Krapf and Christian Reitz, will also report to him. The latter joined the company as Head of Digital Transformation in April 2019.

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